Description

I was invited to join an investment group that uses WhatsApp chat forums. They provide in the main Chat they call “Faith & Strategy Hub 24K”, what they call teachings on markets’ dynamics (stock market and Cryptos). They change those chat forums’ names, anyway. But the strategy to go about scamming is the same. What they call teaching are actually selling pitches disguised in market analyses. They quickly move their focus on crypto currencies and sell you the idea of investing in coins that trade only on their platform of which is IPXN (IPX). They keep changing the website URL as people report them. IPX is the fraudulent exchange with no liquidity. The tokens they trade are fake and have no blockchain addresses. This started with me back the beginning of August 2025. I started funding my IPX account with small deposits then when seeing the fake appreciation of their LST token and the push to buy more to get more bonuses I stared buying more into LST. LST turned out to not exist; meaning has no blockchain address. It’s only a name and numbers on their fraudulent trading screen (IPX). It has no coin URL so you can’t find it on the blockchain. But on the face and fraudulent IPX exchange, the coin price kept going up and my account started looking pretty good in terms of phony profits. LST Alliance recommended trades, all within the IPXN platform. The trades of course involved coins that do not exist on the blockchain. All the while the LST Alliance assigned coaches urging me and probably other victims to move my IRA funds to the trading platform and capitalize on the crypto inevitable bull run. After the LST coin and other future trading recommendations involving only coins that do not exist on the blockchain, they started selling ICOs. Knowing that people know a little bit about the potential of ICOs, they promoted 3 since mid-October till the beginning of December. Those are TRE, CBX, and BNP. None of these exist on the blockchain with no token addresses. They exist only on their fake IPX exchange. They open the subscription for one week or 10 days to put urgency on victims to find funds quickly and benefit from an early getting in. They sell the fact that institutions and funds are lined up to get into these ICOs. When I asked who are these institutions, I was ignored. The urgency makes you feel you’re missing out on a life changing opportunity so you’ll go out of your way to find funds. At this point, it’s a typical pig-butchering scam. Then, they move on to start selling you their C2C services. It’s presumably a P2P service from where you can borrow funds so you will not miss on the ICO and pay back when you get your funds ready. This strategy will allow them to freeze your account while you’re gathering the funds to pay back (you want to pay back asap cuz you see those hefty profits from the ICO posted. Of course only numbers on their platform). And at the same time they use the C2C to move on to the next step of the scam which is advance -fee fraud. They want dollars from you to unlock your account. Why dollars now and not cryptos? They refuse getting paid back in crypto cuz your account has accumulated a lot of profits in fake cryptos. So, they know your cryptos are worthless and they instead want the real deal: your dollars. In short, you will never be able to withdraw. To make u believe they may allow u to withdraw $500 or $1000 out of the thousands you gave them. If you insist, you will never be able to log in again and you’ll be ghosted . Despite the on-screen profits, I have been unable to withdraw any meaningful portion of my funds. Each withdrawal attempt has been blocked, delayed, or conditioned on paying new fees, which I now understand is a classic pig-butchering / fake-exchange scam pattern. I am uploading a file that shows their fake deposits into my account. Notice no transaction ID cuz nothing happened. No blockchain transaction.